Slide 1: FY2025 Q2 Financial Results Briefing
FY2025 Q2 Financial Results Briefing November 13, 2025 （Securities Identification Code: 6787）
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements concerning Meiko Group’s future plans, strategies and performance. However, Meiko does not publish this presentation as a disclosure document based on the Financial Instruments and Exchange Act of Japan. These forward-looking statement
Slide 3: FY2025 Q2 (result)
１ FY2025 Q2 (result) Initiatives ２ Electronic Equipment Business 3 New Initiatives - PCB
Slide 4: FY2025 Q2 Financial Result - Consolidated
FY2025 Q2 Financial Result - Consolidated （ billion yen） FY2024 FY2025 H1 Result % H1 Result % H2 Forecast % Full Year Forecast % PCB 81.8 92.0 90.0 182.0 Net sales Electronic Equipment 16.4 19.5 21.5 41.0 98.2 111.5 111.5 223.0 PCB 8.6 10.5% 10.0 10.9% 10.5 11.7% 20.5 11.3% Operating income 0.7 1.4
Slide 5: FY2025 Q2 - Net Sales by Product Application
FY2025 Q2 - Net Sales by Product Application （ billion yen） Electronic Equipment 16.4 Electronic Equipment 19.5 ODM ODM 7.9 10.8 EMS EMS 8.5 (8.0%) (11.0%) 8.7 (8.7%) Amusement (8.9%) Automotive Smart Appliances Automotive Amusement Industrial Equipment 8.4 Smart Appliances 46.9 Other Substrates FY2
Slide 6: FY2025 Q2 - Net Sales by Product Specification
FY2025 Q2 - Net Sales by Product Specification （billion yen） Electronic Equipment 16.4 Electronic Equipment 19.5 ODM ODM MLB 7.9 MLB 10.8 4layers or less EMS 4layers or less Flexible EMS Flexible (9.7%) 21.1 / High Dissipation 8.5 (8.0%) 22.1 / High Dissipation 8.7 / Other Substrates / Other Substra
Slide 7: Performance trends
Performance trends （billion yen） 1,400 Net Sales Operating income % 1,200 108.6 111.5 111.5 1,000 98.2 10.9% 93.3 10.2% 86.2 800 9.5% 9.0% 8.0% 600 4.9% 400 11.4 12.1 9.3 9.8 200 7.5 4.2 0 FY2023 H1 FY2023 H2 FY2024 H1 FY2024 H2 FY2025 H1 FY2025FY2025 H2(forecast)H2 FY2023 H1 FY2023 H2 FY2024 H1 FY2
Slide 8: Initiatives: Electronic Equipment Business
１ FY2025 Q2 (result) Initiatives ２ Electronic Equipment Business 3 New Initiatives - PCB
Slide 9: Initiatives Electronic Equipment Business: Performance trends
Initiatives Electronic Equipment Business Performance trends Net Sales Operating income % 7.3% 41.0 36.2 30.3 5.2% 2.4% 3.0% 20.3 3.0 11.6 12.6 -0.5% 1.9 0.0% 0.0 0.3 0.9 -0.1 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025(forecast) Strength Business Features Development/ 150 Engineers for Software/Elect
Slide 10: Initiatives - Electronic Equipment Business
Initiatives - Electronic Equipment Business Initiatives for Further Growth Nanyo Factory #2 (Construction to begin this October) Site Area Approx. 18,900㎡ Total Floor Area Approx. 4,700㎡ Investment Amont Approx. 2.5 billion yen Features A state-of-the-art factory capable of handling semiconductor pa
Slide 11: New Initiatives - PCB
１ FY2025 Q2 (result) Initiatives ２ Electronic Equipment Business 3 New Initiatives - PCB
Slide 12: Market Forecast for High-Layer PCBs
Market Forecast for High-Layer PCBs 【Global PCB Market】 【Global High-Layer PCB Market】 （trillion yen） 15.6 CAGR （trillion yen）（High-Layer：18 Layer or more） 6.5％ 1.2 3.2 PKG 9.8％ 1.0 10.0 3.0 FPC AI Server 3.8％ 0.8 1.7 2.7 HDI 0.6 2.3 9.4％ General-Purpose High-Layer PCB Server 1.2 18 Layer or more 1.
Slide 13: Production Strategy for Various Substrates for AI Servers
Production Strategy for Various Substrates for AI Servers Wuhan Plant Ishinomaki Factory 【Overview of Server Substrates】 PKG PKG Switch Board Ultra High- Network Board/ Layer PCB PKG Substrate GPU DRAM GPU Board Memory Module PKG Accelerator Board (OAM) CPU High-Layer HDI FC-BGA Substrate Memory Mod
Slide 14: Joint Venture with ACCL
Joint Venture with ACCL Anticipating increased demand for AI servers in Southeast Asia, we are entering a High-Layer MLB business through a partnership with ACCL. Overview of the J/V with ACCL (Conceptual Image) Allied Circuit Meiko Name Vietnam Co., Ltd. Shareholder ACCL70％, Meiko30％ Establishment
Slide 15: Vietnam Plant No.4
Vietnam Plant No.4 Vietnam Plant #2 is already operating at full capacity, and partial operations at the new facility began in July 2025 to prepare for future demand growth. Overview of Vietnam Plant #4 Site Area Approx. 60,000㎡（15,000㎡×4F） Business Approx. 25 billion yen Scale Capacity expansion fo
Slide 16: Hoa Binh Plant No.1
Hoa Binh Plant No.1 In response to anticipated growth in AI equipment demand and leveraging advantages such as electricity supply, we are currently establishing a state-of-the-art factory in Hoa Binh. Overview of Hoa Binh Plant #1 Site Area Approx. 93,000㎡ Noi Bai Airport Total Floor Area Approx. 60
Slide 17: Consideration of a New Plant in Vietnam
Consideration of a New Plant in Vietnam Considering a new production base to address the future trend of AI devices becoming lighter, thinner, and more compact, and the increasing demand for HDI in Vietnam. Overview of Quang Minh Plant #3 (Conceptual Image) Site Area Approx. 63,000㎡ Total Floor Appr
Slide 18: Status of Tendo Factory
Status of Tendo Factory Full-scale mass production commenced in the 2nd half of this fiscal year. Equipment expansion is underway to accommodate increased demand starting next fiscal year and new product development. Overview of Tendo Factory 《Tendo Factory》 Large-Scale Eco-Smart HDI Factory Site Ar